NEW YORK — The second trial to result from a massive inquiry into insider trading at hedge funds ended Monday in federal court in Manhattan with the conviction of three Wall Street stock traders on charges they bribed lawyers for confidential information.
A jury reached the verdict against Zvi Goffer and two other traders after deliberating five days since June 2. It came a month after the conviction of Raj Rajaratnam, who founded the Galleon Group of hedge funds and was once Goffer’s boss.
Convicted of conspiracy to break securities laws, Goffer, his brother Emanuel and Michael Kimelman were allowed to remain free on bail pending sentencing, set for the fall.
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